- Rugby Resources (RUG) has announced a non-brokered private placement of units for gross proceeds of up to $1,000,000
- The company will issue up to 14,285,714 units at a price of $0.07 per unit
- The offering is expected to close on or about March 10, 2023
- Proceeds will be used for exploration expenses
- Rugby Resources Limited is exploring a portfolio of copper, gold and silver targets in South America
- Rugby Resources Ltd. (RUG) opened trading at C$0.08
Rugby Resources (RUG) has announced a non-brokered private placement of units for gross proceeds of up to $1,000,000.
The company will issue up to 14,285,714 units at a price of $0.07 per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of $0.18 for a period of two years.
The offering is expected to close on or about March 10, 2023, and is subject to receipt of all necessary regulatory approvals.
Proceeds will be used for exploration and general expenses.
Rugby Resources Limited is an exploration company conducting “discovery stage” exploration on a portfolio of copper, gold and silver targets in Colombia, Argentina and Chile.
Rugby Resources Ltd. (RUG) opened trading at C$0.08.